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Report Date : |
08.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
AZIZ TRADE AND ENGINEERING LTD. |
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Registered Office : |
House# 16, Road# 1, Block# B, Niketan, Gulshan-1, Dhaka-1212 |
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Country : |
Bangladesh |
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Date of Incorporation : |
26.10.2003 |
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Com. Reg. No.: |
C-50897 |
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Legal Form : |
Private
Co |
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Line of Business : |
Distributors and service provider of Aircon &
Refrigeration equipment |
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No. of Employees : |
150 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Bangladesh |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
BANGLADESH - ECONOMIC
OVERVIEW
In real terms Bangladesh's economy has grown 5.8% per year
since 1996 despite political instability, poor infrastructure, corruption,
insufficient power supplies, and slow implementation of economic reforms.
Bangladesh remains a poor, overpopulated, and inefficiently-governed nation.
Although more than half of GDP is generated through the service sector, 45% of
Bangladeshis are employed in the agriculture sector with rice as the
single-most-important product. Bangladesh's growth was resilient during the
2008-09 global financial crisis and recession. Garment exports, totaling $12.3
billion in FY09 and remittances from overseas Bangladeshis, totaling $11
billion in FY10, accounted for almost 12% of GDP
Source
: CIA
|
Correct company Name |
: |
Aziz Trade and Engineering Ltd. |
|
Head Office |
: |
House# 16, Road# 1, Block# B, Niketan, Gulshan-1, Dhaka-1212, Bangladesh |
|
Tel No |
: |
88-02-8811194, 9858228 |
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Fax No |
: |
88-02-8812337 |
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E-mail |
: |
bsaha@azizco.com, aziztrade@azizco.net |
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Website |
: |
- |
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Date/ Year of Incorporation |
: |
26.10.2003 |
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Incorporation
No. |
: |
C-50897 |
|
Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co
State-owned Co Sole Proprietorships Partnership Not Registered others (please specify) ________________ |
|
Legal form (Specific) |
: |
LTD
CORP
INC CO
others (please specify) ________________ |
|
Issuing Authority |
: |
Registrar of Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE) |
FINANCIALS- SUMMARY
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||||
|
Year |
Turnover/ Sales |
Assets |
Income |
|
|
2011 |
Tk.48 Million |
Tk.24million |
Tk.85 Million |
|
|
2012 |
Tk.65 Million |
Tk.25 million |
Tk.0.60 Million |
|
|
Exchange Rate |
USD1-Tk. 77.8200 EUR 1- Tk. 100.2711 GBP 1- Tk.118.5354 AUD 1 - Tk.82.8563 JPY 1 - Tk.0.9286 |
CAD 1 - Tk.80.1887 SEK 1 - Tk.12.2870 SGD 1 - Tk.65.3045 CNH 1 - Tk.12.8399 |
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FULLCHECK REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Bisha Nath |
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Designation |
: |
Asst. General Manager |
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Contract No |
: |
88-01711462017 |
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Locations Details |
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Business Address |
: |
House# 16, Road# 1, Block# B, Niketan, Gulshan-1, Dhaka-1212, Bangladesh |
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Tel No |
: |
88-02-8811194, 9858228 |
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E-mail |
: |
88-02-8812337 |
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Fax No |
: |
bsaha@azizco.com, aziztrade@azizco.net |
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Website |
: |
- |
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Location : |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
2400 |
Sq. ft. |
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Type of Office : |
: Commercial Office Bldg. |
Ö |
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Semi-commercial office Bldg. |
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Retail shop |
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Industrial Park |
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Business Center |
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Home Office |
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Residential Bldg. |
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Warehouse: |
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Address |
: |
225, Tejgaon Industrial Area, Dhaka-1208, Bangladesh. |
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Tel No |
: |
- |
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Fax No |
: |
- |
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Owned |
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Rented |
Ö |
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Leased |
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Area |
5500 |
Sq. ft. |
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Employee: |
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No. of
Employees |
In Office |
: |
20 |
Warehouse |
: |
130 |
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In Branch: |
: |
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Total |
: |
150 |
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Details: |
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OWNERSHIP/SHAREHOLDERS
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Names of
Shareholders |
No. of Share |
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Mrs. Mansura Khatun |
160 |
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Mrs. Munhar Mir Khan |
80 |
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Mrs. Sabiha Rahman Khan |
80 |
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Mrs. Naheed Ahmad Khan |
80 |
DIRECTORS
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|
Name |
Designation |
|
Mrs. Mansura Khatun |
Managing
Director |
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Mrs. Munhar Mir Khan |
Director |
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Mrs. Sabiha Rahman Khan |
Director |
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Mrs. Naheed Ahmad Khan |
Director |
MANAGEMENT
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||
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Name |
: |
Mr. Bisha Nath |
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Job Description |
: |
Asst. General Manager |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
bsaha@azizco.com |
|
Other details |
: |
88-01711462017 |
|
Name |
: |
Mr. Ashiqur
Rahman |
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Job Description |
: |
Commercial
Officer |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
- |
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Other details |
: |
- |
BUSINESS OPERATIONS
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Nature of
Activity : |
Manufacturer |
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Trader |
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Installation |
Ö |
Distributor |
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Exporter |
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Importer |
Ö |
Services |
Ö |
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Range of Products/Item
Dealings In: |
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Products |
: |
Aircon & Refrigeration equipment |
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Production Capacity |
: |
N/A |
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Last Year
Production |
: |
N/A |
Trading Terms:
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Purchasing Terms: |
L/C |
Ö |
Cash |
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Others |
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|||
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
|
|
days |
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Selling Terms : |
L/C |
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Cash |
Ö |
Others |
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|||
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Credit : |
Ö |
30 days |
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60 days |
|
90 days |
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|
days |
DETAILED DATA
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||||||||
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Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
Local Industries |
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Overseas Suppliers |
: |
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Local Suppliers |
: |
N/A |
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Trade Markets |
: |
Exports |
: |
N/A |
||||
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Imports |
: |
China, India |
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Brand Name |
: |
N/A |
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Certified |
: |
Nil |
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Auditors |
: |
Nil |
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Operation Status |
: |
Active |
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Member |
: |
N/A |
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CAPITAL STRUCTURE
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Authorized Capital |
: |
Tk.30 million |
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Paid-up Capital |
: |
Tk.4,00,000 |
No. of Shares |
: |
400 |
Share Value |
: |
Tk.1000.00Each |
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Main Assets |
: |
Tk.25 million |
||||||
FINANCIAL STATEMENT- DETAILED
|
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The subject company don’t submit update financial figure
to local registry office. |
ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
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||
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Sister Concerns |
: |
Nil |
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Subsidiary |
: |
Nil |
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Name of
The Group |
: |
N/A |
BANKING
|
|
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Bank Name |
: |
Jamuna Bank Ltd. |
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Bank Address |
: |
Motijheel branch, Surma Tower, 59/2, Purana Paltan, Dhaka-1000 Tel: 88-02-9554474, 9551606 |
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||
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Bank Name |
: |
Brack Bank Ltd. |
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Bank Address |
: |
Gulshan Branch, Gulshan Avenue, House-50 (GF), Road-3 Gulshan, Dhaka-1212 Fax: 88-02-8894801, 8818624 Phone: 88-02-8828054, 8819037-8 |
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Bank Name |
: |
Exim Bank Ltd. |
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Bank Address |
: |
Panthapath Branch, 19/2, West Panthapath North Dhanmondi, Dhaka Phone:88-02- 8124261, 8126191 Mobile: 01711-595257 Fax: 880-2-8126191 Swift: EXBKBDDH002 E-mail: panthapath@eximbankbd.com |
ADVERSE DATA MONITORING
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Dishonored
Checks |
:
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No Record
Found |
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Debt |
: |
No Record
Found |
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Litigation |
: |
Clear |
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Performance
Defaults |
: |
No Record
Found |
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Adverse Local Media
Coverage/ Adverse Filling History |
: |
No Record
Found |
SITE VISIT COMMENTARY
|
|
Our representative visited the subject company registered address which is situated at House# 16, Road# 1, Block# B, Niketan, Gulshan-1, Dhaka-1212, Bangladesh |
GENERAL COMMENTS
|
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Based on financial statement, the subject company financial performance appears to be Average. Hence, we recommended that Credit should proceed with monitor in Small amount-periodical review |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
UK Pound |
1 |
Rs.99.06 |
|
Euro |
1 |
Rs.83.84 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.